EUR/USD – 1H – SELL

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.17756 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 1.18241 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ candle chart pattern is existing. The candles show ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.18241 – 1.19543 – 1.19741 – 1.17797 – 1.17756 – 1.18394 —
1.18315 – 1.18377 —
57.111693584244 – 55.860871220925 —
– —
1.18241 – 1770109200

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –